Form 1041-T - Allocation Of Estimated Tax Payments To Beneficiaries - 2015 Page 2
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Form 1041-T (2015)
Page
General Instructions
Line 1
Enter the amount of estimated tax payments made by the trust or
Section references are to the Internal Revenue Code.
decedent’s estate that the fiduciary elects to treat as a payment made
Future Developments
by the beneficiaries. This amount is treated as if paid or credited to the
beneficiaries on the last day of the tax year of the trust or decedent’s
For the latest information about developments related to Form 1041-T
estate. Be sure to include it on Form 1041, Schedule B, line 10.
and its instructions, such as legislation enacted after they were
You cannot allocate to a beneficiary tax withheld from
published, go to
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income, such as withholding from lottery or other gambling
Purpose of Form
winnings, or from salary or pension payments reported on
Form 1041. You must report this withholding on line 24e of
CAUTION
A trust or, for its final tax year, a decedent’s estate may elect under
Form 1041.
section 643(g) to have any part of its estimated tax payments (but not
income tax withheld) treated as made by a beneficiary or beneficiaries.
Line 2
The fiduciary files Form 1041-T to make the election. Once made, the
Column (b)—Beneficiary’s name and address. Group the
election is irrevocable.
beneficiaries to whom you are allocating estimated tax payments into
How To File
two categories. First, list all the individual beneficiaries. Then, list all the
other beneficiaries.
Attach Form 1041-T to Form 1041, U.S. Income Tax Return for Estates
Column (c)—Beneficiary’s identifying number. For each beneficiary,
and Trusts, only if you are making the election with Form 1041.
enter the appropriate taxpayer identification number (TIN). This is
Otherwise, file Form 1041-T separately.
generally the social security number (SSN) for individuals or employer
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Filing Form 1041-T with Form 1041 does not change the
identification number (EIN) for all other entities. Failure to enter a valid
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due date for filing Form 1041-T. See When To File for the
SSN or EIN may cause a delay in processing and could result in
due date for filing Form 1041-T.
penalties being imposed on the beneficiary. For those beneficiaries who
CAUTION
file a joint return, you can assist the IRS in crediting the proper account
by also providing the SSN, if known, of the beneficiary’s spouse.
When To File
However, this is an optional entry.
For the election to be valid, a trust or decedent’s estate must file Form
Column (d)—Amount of estimated tax payment allocated to
1041-T by the 65th day after the close of the tax year as shown at the
beneficiary. For each beneficiary, also report this amount in box 13 of
top of the form. If the due date falls on a Saturday, Sunday, or legal
Schedule K-1 (Form 1041), using code A.
holiday, file on the next business day. For a 2015 calendar year
decedent’s estate or trust, that date is March 7, 2016.
Column (e)—Proration percentage. For each listed beneficiary, divide
the amount shown in column (d) by the amount shown on line 1 and
Period Covered
enter the result as a percentage.
File the 2015 form for calendar year 2015 and fiscal years beginning in
Line 3
2015 and ending in 2016. If the form is for a fiscal year or a short tax
year, fill in the tax year space at the top of the form.
If you are allocating a payment of estimated taxes to more than 10
beneficiaries, list the additional beneficiaries on an attached sheet that
Where To File
follows the format of line 2. Enter on line 3 the total from the attached
sheet(s).
If you are located in
Please mail to the
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Paperwork Reduction Act Notice. We ask for the information on this
Connecticut, Delaware,
form to carry out the Internal Revenue laws of the United States. You
District of Columbia, Florida,
are required to give us the information. We need it to ensure that you are
Georgia, Illinois, Indiana, Kentucky,
complying with these laws and to allow us to figure the correct amount
Maine, Maryland, Massachusetts,
of allocated tax payments.
Department of the Treasury
Michigan, New Hampshire,
Internal Revenue Service
You are not required to provide the information requested on a form
New Jersey, New York,
Cincinnati, OH 45999
that is subject to the Paperwork Reduction Act unless the form displays
North Carolina, Ohio, Pennsylvania,
a valid OMB control number. Books or records relating to a form or its
Rhode Island, South Carolina,
instructions must be retained as long as their contents may become
Tennessee, Vermont, Virginia,
material in the administration of any Internal Revenue law. Generally, tax
West Virginia, Wisconsin
returns and return information are confidential, as required by section
6103.
Alabama, Alaska, Arizona, Arkansas,
The time needed to complete and file this form will vary depending on
California, Colorado, Hawaii, Idaho,
individual circumstances. The estimated average time is:
Iowa, Kansas, Louisiana, Minnesota,
Recordkeeping
Mississippi, Missouri, Montana,
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19 min.
Department of the Treasury
Nebraska, Nevada, New Mexico,
Learning about the
Internal Revenue Service
North Dakota, Oklahoma, Oregon,
law or the form
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. 4 min.
Ogden, UT 84201
South Dakota, Texas, Utah,
Preparing the form .
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18 min.
Washington, Wyoming
Copying, assembling, and
A foreign country or a U.S.
sending the form to the IRS
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16 min.
possession
If you have comments concerning the accuracy of these time
estimates or suggestions for making this form simpler, we would be
Specific Instructions
happy to hear from you. You can send your comments to Internal
Revenue Service, Tax Forms and Publications Division, 1111
Address
Constitution Ave. NW, IR-6526, Washington, DC 20224. Do not send the
form to this address. Instead, see Where To File on this page.
Include the suite, room, or other unit number after the street address. If
the post office does not deliver mail to the street address and the
fiduciary has a P.O. box, show the box number instead of the street
address.
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